G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15647
DP15647 Why Does Capital Flow from Equal to Unequal Countries?
Sergio de Ferra; Federica Romei; Kurt Mitman
发表日期2021-01-07
出版年2021
语种英语
摘要Capital flows from equal to unequal countries. We document this empirical regularity in a large sample of advanced economies. The capital flows are largely driven by private savings. We propose a theory that can rationalize these findings: more unequal countries endogenously develop deeper financial markets. Households in unequal counties, in turn, borrow more, driving the observed direction of capital flows.
主题International Macroeconomics and Finance ; Monetary Economics and Fluctuations
关键词Inequality Current account Capital flows
URLhttps://cepr.org/publications/dp15647
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544659
推荐引用方式
GB/T 7714
Sergio de Ferra,Federica Romei,Kurt Mitman. DP15647 Why Does Capital Flow from Equal to Unequal Countries?. 2021.
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